The Smoothed Bonus quarterly investment report has had a significant facelift since 2009.
Firstly, all reporting on the Smoothed Bonus Portfolios for the institutional market are combined into one report for ease of reference. The Portfolios covered in this report include: Absolute Growth Portfolios, CoreGrowth, Multi-Managed Smoothed Bonus Portfolios, Old Mutual Guaranteed Fund and Genesis.
Secondly, we have changed the focus of the report, which is now more informative about topical issues, relating specifically to Old Mutual’s Smoothed Bonus Portfolios and the general investment markets. This report also includes summarized overviews of product performance and other important items relevant to the most recent quarter.
The report is split into 4 sections:
- Note from Product Actuary: This section is written by the Product Actuary and touches on key aspects relating to the portfolios, including recent performance and expected future performance. It provides clients with brief commentary and enough detail to be adequately informed of current aspects of the Smoothed Bonus Portfolios.
- Topical Research Article from Actuarial Support: This section provides research into a particular topic of interest, relevant to the quarter, that aims to not only highlight the continued relevance of Old Mutual’s Smoothed Bonus Portfolios in a forever changing environment, but also to educate and inform clients of important aspects that should not be overlooked when considering the retirement needs of members.
- Investment Review from Portfolio Managers: This section provides our portfolio managers’ views of the market. In addition, a topical article is included on developments in the local and global markets and how this impacts on the portfolios of assets underlying the Smoothed Bonus Portfolios.
- Performance and Key Features: This section summarises the performance of all our products and references the salient features of each product. It also provides a quick reference guide for clients and consultants.
This new quarterly report should provide a deeper understanding of our investment philosophy, and improve our clients’ awareness of investment markets.